Centum, developer set to start work on Sh388bn Vipingo Industrial park in Q2

From left:  ALN Kenya Managing Partner Daniel Ngumy, Centum Investment Company CEO James Mworia and State Department for Investment Promotion Principal Secretary Abubakar Hassan Abubakar during the on-Service Sector Special Economic Zones meeting at Two Rivers mall on September 28, 2023. 

Photo credit: File | Nation Media Group

Centum Investment Company has signed a deal with Pan-African developer ARISE to jointly establish a Sh388.2 billion ($ 3 billion) industrial park within the Vipigo Special Economic Zone (SEZ) in Kilifi County beginning the second quarter of the year.

Centum Group Chief Executive James Mworia said the 2,000-acre Vipingo SEZ would be developed into a business park with a manufacturing and logistics hub projected to create 500,000 jobs.

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